For the period April to June 2018, total sales at Securitas were MSEK 25,466 (23,031), with organic sales growth standing at an impressive 7%.
Operating margin for the period was 5%, with earnings per share at SEK 2.28. From January to June, total sales were MSEK 48,822 (45,522). Organic sales growth for this half-year period was also 7%. Operating income before amortisation is reported at MSEK 2,377 (2,193) on an operating margin of 4.9%. Earnings per share stood at SEK 4.17, while free cash flow/net debt is at 0.07.
Magnus Ahlqvist (pictured), president and CEO of the business, commented: “At 7%, organic sales growth was strong in the first half of the year with strong market momentum throughout the Group. We’ve benefited from successful commercial activities in combination with excellent client retention rates. The operating conditions in the second quarter have been similar to the first quarter with favourable macroeconomic conditions in our main markets. We estimate that we grew faster than the security market in general. Our ability to deliver complete security solutions is undoubtedly a market advantage.”